Posts Tagged ‘ Arun Jaitley ’

Thousands of crore rupees will be saved by routing government subsidy through the Aadhaar system, Finance Minister Arun Jaitley said on Friday, as the Lok Sabha passed a Bill to give statutory backing to the unique identity number scheme. The Bill “will empower the states to distribute resources o...

Finance minister Arun Jaitley presented the Union Budget 2016-17 on Monday and gave due mention, for the first time, to the term ‘startup ecosystem’. But startup investors and entrepreneurs feel the announcements fell short of making it a game-changing budget for new ventures, although they have...

India may boast of being home to around 19,400 technology-enabled startups, but exit valuation for the investors looking to cash in on the initial funding still remains low, says an official survey. Economic Survey 2015-16, tabled by Finance Minister Arun Jaitley in Parliament today said the startup...

In a bid to encourage entrepreneurship, the government will announce friendly taxation regime for startups during the budget, Finance Minister Arun Jaitley said. He was addressing the inaugural session of ‘Startup India, Standup India’ held at Vigyan Bhawan in New Delhi. “We have already worke...

Union Finance Minister Arun Jaitley today launched two funds by Small Industries Development Bank of India (SIDBI), a fund of funds with total corpus of Rs 12,000 crore. The funds are Rs 2,000-crore India Aspiration Fund (IAF) and SIDBI Make In India Loan For Enterprises (SMILE) scheme with an inves...

The Union Budget was as good as a non-event for the bustling startup ecosystem and the Finance Minister blissfully ignored any mention of the ambitious Rs 10,000 crore startup fund-of-fund he talked about just last July. Instead he talked about plans to set up an incubation programme called Self-Emp...

As Internet penetration in India is on the rise, the e-commerce sector in the country is likely to witness a growth of over 50 per cent in the next 5 years, says the Economic Survey. The government document, however, raised concerns over consumer safeguards and proposed amendments to the Consumer Pr...

Finance Minister Arun Jaitley dropped a bomb in the Union Budget for private firms, especially startups, looking to raise capital by saying income from sale of unlisted securities within three years of investment would be taxed as short-term capital gains. To add to the woes, investors cannot set of...